| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $491M | $479M | $466M | 2.5% | 5.2% |
| Op. Income | $23M | $29M | $18M | -21.9% | 29.6% |
| Gross Margin | 29.7% | 31.0% | 31.0% | -1.3pp | -1.2pp |
| Net Margin | -2.3% | -5.4% | -6.9% | 3.1pp | 4.6pp |
| EPS (Diluted) | $-0.06 | $-0.13 | $-0.17 | 55.3% | 65.8% |
| Free Cash Flow | -$13M | -$5M | $5M | -190.4% | -347.2% |
| Item | Amount |
|---|---|
| REVENUE | $491M |
| Cost of Revenue | $345M |
| GROSS PROFIT | $146M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $117M |
| SG&A Expenses | $117M |
| Other Expenses | $6M |
| Operating Expenses | $123M |
| Cost & Expenses | $468M |
| OPERATING INCOME | $23M |
| Interest Income | $102.0K |
| Interest Expense | $40M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $9M |
| EBIT | $40M |
| EBITDA | $49M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $614.0K |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $269M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $336M |
| PP&E (Net) | $67M |
| Goodwill | $1.1B |
| Intangible Assets | $93M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $43M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $245M |
| TOTAL CURRENT LIABILITIES | $382M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $75M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2M |
| TOTAL STOCKHOLDERS' EQUITY | -$134M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$134M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $1.3B |
| Net Debt | $1.3B |
